How to Make an NFT and Start Earning in 4 Steps


With all the news surrounding NFTs, many people are starting to wonder if they can learn how to make an NFT to turn their digital art into a profit. While there is no guarantee you will earn money by creating NFT art, it is still useful to know how to do so. After all, there is a chance that you can earn, and the process of how to create NFTs is straightforward.

With all the news surrounding NFTs, many people are starting to wonder if they can learn how to make an NFT to turn their digital art into a profit. While there is no guarantee you will earn money by creating NFT art, it is still useful to know how to do so. After all, there is a chance that you can earn, and the process of how to create NFTs is straightforward.

What’s an NFT?

Before getting into how to make an NFT, you need to understand what they are. NFTs are non-fungible tokens. This means that each NFT is unique. That contrasts with Bitcoin, other cryptocurrencies, and fiat currency. With a fungible asset, every single one has the same value. In other words, you can trade one Bitcoin for another Bitcoin and still have what you started with.

That is not the case with NFTs as each one is completely different.

Most NFTs operate on the Ethereum blockchain, although some also use other blockchains. However, because most are on Ethereum, most people looking to buy NFTs will look for Ethereum-based ones. As such, making them on Ethereum is the best starting point.

Overview of NFT Creation

The process of creating an NFT is fairly straightforward, as it only takes a few steps. You will need to have a digital wallet, a bit of NFT art of some sort that will create the NFT, a little bit of Ethereum, and to choose an NFT marketplace.

How Can I Create My Own NFT? How Do I Start an NFT?

To create an NFT, you will likely start by making the digital that will become the NFT art. You will also have to buy the Ethereum. We will go through the process itself in more detail.

How Much Does It Cost to Create an NFT? Is It Free to Create NFTs?

Depending on the NFT marketplace that you choose to create and sell your NFT on, it may be completely free or it may cost a fee. Some marketplaces will let you create the NFTs for free but then charge you to mint them. That being said, there are also some marketplaces that let you mint for free as well. Others will charge about $70 to $120 to mint or create the NFT. At peak times, however, the cost can increase to $200 to $300. Sometimes, it may even be as much as $600, but this is rarer.

The important thing is to remember that the fees associated with how to make an NFT will vary greatly by the marketplace you choose. Keep that in mind as you select a marketplace so you know what to expect.

Creating the NFT Art

Keep in mind that the following instructions for how to make an NFT involve the technical aspects. They assume that you already have the digital art that you will use.

You can do this even if you don’t have coding skills as many NFT marketplaces, such as Rarible and OpenSea, can handle the minting. There is also an option called “lazy minting,” which involves minting the NFT when it is bought. In this case, the buyer will pay for the transaction fees.

If you have coding or development skills, then you can complete more of the process yourself. You will also want to consider adding unlockable content, which is only viewable by the owner after they buy the NFT.

It is important to note that basic NFT art doesn’t require coding skills. However, generative art NFTs do require development skills. These rely on algorithms to use source art and constraints to create new NFTs.

Step 1: Create a Crypto Wallet

If you don’t already have a crypto wallet, then you will need to make one before you can create an NFT. This wallet will be where you store your cryptocurrency and your NFT. Make sure that your wallet is compatible with the blockchain you plan to make the NFT on and the marketplace you choose.

Step 2: Buy Some Ethereum

While it is theoretically possible to find a marketplace that lets you mint your NFT for free, these are very rare. Most will at least charge you “gas.” As a refresher, those are the fees that miners receive in exchange for validating transactions.

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If this is your first NFT, it is smart to make it on the Ethereum blockchain due to that blockchain’s popularity for NFTs. As such, you will want to buy Ethereum.

Step 3: Connect Your Crypto Wallet to Rarible or Any Other Marketplace

At this point, you have to decide where you want to sell (and mint) your NFT. Some of the most popular options include Rarible and OpenSea, although there are also many others.

Regardless of the platform you choose, you will follow a similar process. You will visit the platform and find a button that says “connect wallet” or something similar. It should connect your wallet in a few steps.

Step 4: Create, Promote, and Sell It

Then, it is time to actually follow through with how to create NFTs. Your chosen marketplace will have a button labeled “Create” or something similar. Depending on the platform, you can choose from a one-off work, single, or even sell the same thing several times. You will then be prompted to upload the digital file. The marketplace should show you a preview.

Now, all that is left to do is promote and sell the NFT. Most platforms let you choose between auctions or a fixed price. You can also typically choose between “unlimited auctions” or “timed auctions.” The latter has a time limit and the former ends when you accept an offer.

Don’t forget to describe your NFT in an appealing way as you create your listing.

What’s Rarible? What Are the Other NFT Marketplaces?

Rarible is one of the biggest NFT marketplaces. Other very popular ones include OpenSea and Mintable. Yet other popular options include Axie Marketplace, Larva Labs, SuperRare, Foundation, Nifty Gateway, NBA Top Shot Marketplace, KnownOrigin, MakersPlace, BakerySwap, and Theta Drop.

FAQs

The following FAQs should clear up any lingering questions about how to make an NFT.

Can Anyone Make an NFT?

Yes! Anyone can make an NFT.

How Should I Choose an NFT Marketplace?

Consider the types of tokens supported and the blockchain supported. You will also want to consider the reputation of the marketplace and how popular it is, as this increases your chances of someone there wanting to buy your NFT. You also want to look at minting costs.

How Much Does Creating an NFT Cost?

The cost will vary, but it is typically at least $70 or so to mint. That being said, you can find some ways to create and mint the NFT for free, but these are rare. It may also cost more.

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